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Daily digest market movers 21-month high in Canadian PMI sparks little interest in CAD

hagijeee
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  • The Canadian Dollar lost 0.4% against the Greenback, keeping USD/CAD bolstered above 1.4000.
  • Canadian PMI figures for November rose to a 21-month high of 52.0, beating the forecast decline to 50.8 from October’s 51.1.
  • Despite the upbeat business activity survey results, the Loonie still shed weight against the US Dollar, falling back into familiar lows.
  • Broader markets are set for a week full of US labor preview data before Friday’s US NFP print.
  • Canadian labor and wages data also slated for Friday will get swamped out by US jobs numbers.


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